Carrington Public School District 49 Awards Financial Services Contract to Zions Bank a Division of Zb National Association as Trustee (October 2025)

Scope & details

The full contract record, as filed.

Contract amount

Maximum annual Base Rentals not to exceed $4,700,000; total repayment cost not to exceed $65,000,000; total aggregate principal amount of Base Rentals not to exceed $46,000,000; purchase price of 2025 Certificates not less than 98%

Contract type

FINANCIAL_SERVICES

Contract term

Third Site Lease Amendment term ending no later than June 30, 2050; Third Lease Amendment term ending no later than June 30, 2040

Renewal date

2040-06-30

Renewal

The Third Site Lease Amendment may extend through June 30, 2050, and the Third Lease Amendment through June 30, 2040, subject to annual appropriation and non-appropriation termination rights. The arrangement refinances 2015 Certificates and continues the existing lease-purchase program under amended terms.

Document type

Resolution

Source document

El Paso County Colorado School District No. 49 Resolution Authorizing the Refunding of Certain Outstanding Obligations of the District 2025-10-23

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school-administrative-district-49-resolution-2021-06-23_f65.pdf

APPROVED

School Administrative District 49, MaineMaximum annual Base Rentals $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%Jun 23, 2021

de-beque-school-district-49-jt-resolution-2021-06-23_ff9.pdf

APPROVED

De Beque School District 49-JT, ColoradoMaximum annual Base Rentals not to exceed $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%Jun 23, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Carrington Public School District 49?

Zions Bank a Division of Zb National Association as Trustee was awarded this financial services contract by Carrington Public School District 49, as recorded on October 23, 2025. The contract value is Maximum annual Base Rentals not to exceed $4,700,000; total repayment cost not to exceed $65,000,000; total aggregate principal amount of Base Rentals not to exceed $46,000,000; purchase price of 2025 Certificates not less than 98%.

How much is the Zions Bank a Division of Zb National Association as Trustee contract with Carrington Public School District 49 worth?

The Zions Bank a Division of Zb National Association as Trustee contract with Carrington Public School District 49 is valued at Maximum annual Base Rentals not to exceed $4,700,000; total repayment cost not to exceed $65,000,000; total aggregate principal amount of Base Rentals not to exceed $46,000,000; purchase price of 2025 Certificates not less than 98%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in El Paso County Colorado School District No. 49 Resolution Authorizing the Refunding of Certain Outstanding Obligations of the District 2025-10-23 (Resolution), dated October 23, 2025 from Carrington Public School District 49. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Zions Bank a Division of Zb National Association as Trustee hold?

Zions Bank a Division of Zb National Association as Trustee may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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